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Tether: Cooperating with U.S. Sanctions Enforcement, Freezing Nearly $550 Million in Iran-Related USDT This Year
Odaily News — Stablecoin issuer Tether has announced that, in cooperation with the U.S. Department of the Treasury's enforcement actions targeting Iranian sanctions evasion networks, it has assisted in freezing approximately $550 million in USDT assets linked to Iran's central bank and sanctioned networks during 2026. This includes over $344 million frozen in April based on information from the U.S. Office of Foreign Assets Control (OFAC) and law enforcement agencies, as well as over $130 million frozen in July.To date, Tether has established partnerships with more than 340 law enforcement agencies across 67 countries and regions worldwide, supporting over 2,800 investigations and freezing a cumulative total of more than $4.9 billion in illicit assets (of which over $2.4 billion is related to U.S. law enforcement actions). The company has also directly aligned its wallet freezing mechanism with the U.S. Specially Designated Nationals (SDN) List.
Galaxy Research Head: U.S. OFAC Sanctions List Includes 518 Bitcoin Addresses
Alex Thorn, Head of Research at Galaxy Digital, stated that the Office of Foreign Assets Control (OFAC) sanctions list—the Specially Designated Nationals (SDN) List—has historically included 518 Bitcoin addresses, which collectively received 249,814 BTC and sent 239,708 BTC, leaving a current net balance of approximately 9,306 BTC—valued at roughly $707 million at current market prices. Thorn also noted that OFAC sanctions represent only one of several U.S. tools for intercepting illicit assets, and the CLARITY Act would further expand the Treasury Department’s related authorities.
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Tether: Cooperating with U.S. Sanctions Enforcement, Freezing Nearly $550 Million in Iran-Related USDT This Year
Odaily News — Stablecoin issuer Tether has announced that, in cooperation with the U.S. Department of the Treasury's enforcement actions targeting Iranian sanctions evasion networks, it has assisted in freezing approximately $550 million in USDT assets linked to Iran's central bank and sanctioned networks during 2026. This includes over $344 million frozen in April based on information from the U.S. Office of Foreign Assets Control (OFAC) and law enforcement agencies, as well as over $130 million frozen in July.To date, Tether has established partnerships with more than 340 law enforcement agencies across 67 countries and regions worldwide, supporting over 2,800 investigations and freezing a cumulative total of more than $4.9 billion in illicit assets (of which over $2.4 billion is related to U.S. law enforcement actions). The company has also directly aligned its wallet freezing mechanism with the U.S. Specially Designated Nationals (SDN) List.
Galaxy Research Head: U.S. OFAC Sanctions List Includes 518 Bitcoin Addresses
Alex Thorn, Head of Research at Galaxy Digital, stated that the Office of Foreign Assets Control (OFAC) sanctions list—the Specially Designated Nationals (SDN) List—has historically included 518 Bitcoin addresses, which collectively received 249,814 BTC and sent 239,708 BTC, leaving a current net balance of approximately 9,306 BTC—valued at roughly $707 million at current market prices. Thorn also noted that OFAC sanctions represent only one of several U.S. tools for intercepting illicit assets, and the CLARITY Act would further expand the Treasury Department’s related authorities.